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Tuesday, July 28, 2009

Morning Market Report

The markets might finally be poised to take a breather. All three indices are down between a half and a full percent in pre market trading. The Dow and the S&P were up just slightly a bit less than a quarter of a percent on the Dow and about a half a percent on the S&P while the NASDAQ was down slightly yesterday. Deutshe Bank's shares were sent lower after it announced it set aside $1.4 billion for bad loans, more than analysts expected.

Office Depot, Viacom, and Unisys lead the company coming out with earnings today. The S&P/Case Shiller Index, which measures the value of single family homes, will come out in about fifteen minutes. There's been a lot of good housing news lately and so this will likely be viewed with great interest.

The Ten Year U.S. Treasury is trading below 3.7% at 3.68% again. More of the record $115 billion in Treasury Bonds will be auctioned off today. Oil is back below $68 per barrel currently at $67.84 a barrel. Currencies are all fairly flat so far. The Dollar is up .01% against the Euro, down .03% against the British Pound, and and down .59% against the Yen.

Meanwhile, around the world, the Chinese Hang Seng continues its climb up 1.84%, the Japanese NIKKEI was basically even down .01%, while the Straits Time Index in Singapore was up 1.84%. In Europe, the British FTSE was down .8%, the German DAX was up .48%, and the Spanish index was up .68%.


All information here is meant for informational purposes and not meant as an endorsement of an investment and shouldn't be taken as such. I am NOT a licensed investment professional and all investment strategies should be made on a personal level.

1 comment:

Anonymous said...

At this point I'm starting to wonder if corporate earnings are even relevant anymore, especially if they're actually linked to all these job losses.